Take Control

Get the facts. Take control.

Every situation provides an opportunity to improve your situation.  This is even--and in some cases,especially--true if you have retirement plan assets at a company or university at which you are no longer employed.  To potentially turn the situation to your advantage, you have to know what your options are.

One option, of course, is to do nothing, and leave your retirement plan investments at your former workplace. Work retirement plans, however, have limited options, and it may be beneficial to you to go in a direction not supported by those options.  And however you measure quality, it may be unlikely that the options in your plan are really the best in their class across the board.

Alternately, you can seize control of your own assets by rolling them into an IRA.*  This could give you far more investment choices, allowing you to shape your investments to your own specifications.  For example, you might want to allocate some of your portfolio to focused investments in renewable energy, cleantech, infrastructure, or leveraged investment products.

You owe it to yourself to learn what your options are. There can be no guarantees about future performance, but having access to more and potentially better options, along with the guidance to navigate among them, could potentially lead to better results over the long term.


What specifically can we do?

  • Provide a qualitative analysis of your current holdings.
  • Give you alternatives.
  • Facilitate a rollover.
  • Help you craft a retirement income strategy.
  • Objectively discuss your overall financial picture with you.

Contact us to learn what your options might be.

* Make sure you know the alternatives when dealing with company stock in a retirement plan, since other rules could apply.

If you are considering rolling over money from an employer-sponsored plan, such as a 401(k) or 403(b), you may have the option of leaving the money in the current employer-sponsored plan or moving it into a new employer-sponsored plan. Benefits of leaving money in an employer-sponsored plan may include access to lower-cost institutional class shares; access to investment planning tools and other educational materials; the potential for penalty-free withdrawals starting at age 55; broader protection from creditors and legal judgments; and the ability to postpone required minimum distributions beyond age 70½, under certain circumstances. If your employer-sponsored plan account holds significantly appreciated employer stock, you should carefully consider the negative tax implications of transferring the stock to an IRA against the risk of being overly concentrated in employer stock. You should also understand that Commonwealth and your financial advisor may earn commissions or advisory fees as a result of a rollover that may not otherwise be earned if you leave your plan assets in your old or a new employer-sponsored plan and that there may be account transfer, opening, and/or closing fees associated with a rollover. This list of considerations is not exhaustive. Your decision whether or not to roll over your assets from an employer-sponsored plan into an IRA should be discussed with your financial advisor and your tax professional.